Segment Information (Tables)

9 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for the three and nine months ended March 31, 2023 and 2022:

	For the three months ended March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Revenues
Cable Network Programming	$	1,570	$	1,583	$	4,633	$	4,637
Television	2,475		1,820		7,123		6,160
Other, Corporate and Eliminations	39		52		125		144
Total revenues	$	4,084	$	3,455	$	11,881	$	10,941
Segment EBITDA
Cable Network Programming	$	792	$	864	$	1,887	$	2,306
Television	117		35		782		121
Other, Corporate and Eliminations	(76)		(88)		(213)		(242)
Amortization of cable distribution investments	(4)		(5)		(12)		(14)
Depreciation and amortization	(106)		(92)		(308)		(264)
Interest expense, net	(55)		(91)		(183)		(285)
Other, net	(719)		(233)		(722)		(375)
(Loss) income before income tax benefit (expense)	(51)		390		1,231		1,247
Income tax benefit (expense)	1		(100)		(347)		(322)
Net (loss) income	(50)		290		884		925
Less: Net income attributable to noncontrolling interests	(4)		(7)		(20)		(26)
Net (loss) income attributable to Fox Corporation stockholders	$	(54)	$	283	$	864	$	899

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

	For the three months ended March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Cable Network Programming
Affiliate fee	$	1,093	$	1,097	$	3,148	$	3,162
Advertising	316		339		1,083		1,104
Other	161		147		402		371
Total Cable Network Programming revenues	1,570		1,583		4,633		4,637
Television
Advertising	1,559		969		4,516		3,742
Affiliate fee	764		700		2,132		1,990
Other	152		151		475		428
Total Television revenues	2,475		1,820		7,123		6,160
Other, Corporate and Eliminations	39		52		125		144
Total revenues	$	4,084	$	3,455	$	11,881	$	10,941

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended March 31,				For the nine months ended March 31,
	2023		2022		2023		2022
	(in millions)
Depreciation and amortization
Cable Network Programming	$	18	$	16	$	52	$	43
Television	38		28		97		82
Other, Corporate and Eliminations	50		48		159		139
Total depreciation and amortization	$	106	$	92	$	308	$	264

Reconciliation of Assets from Segments to Consolidated

	As of March 31, 2023		As of June 30, 2022
	(in millions)
Assets
Cable Network Programming	$	2,763	$	2,682
Television	8,337		7,915
Other, Corporate and Eliminations	10,342		11,010
Investments	954		578
Total assets	$	22,396	$	22,185